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This portal provides effective GST (Goods and Services Tax) news about what is going in the financial world such as filing, taxes, evasion of taxes, etc. The financial news will bring you the knowledge and are helpful for the CAs.
The Blogs on this portal will also tell you about the trending GST news and financial updates whether it might be from any government or non-government portal. You can also stream into the GST articles relevant to the GST REG, the updated scheme for the people of India, and awareness about how to manage or provide consultancy to the people of India in managing their businesses.
The blog will regularly provide press releases of the GST council meetings held by the finance minister of India. Moreover, people can also seek information about the petitions imposed by the applicant and the progress or the result of the cases.
India’s rank has been thought to improve in the reports of World’s Bank ‘Doing business’. While the laws of Bankruptcy and GST has been applied, this has given a boost to the ranking of India’s economy which was earlier struck at 130 but now it has been lifted to number 131.
The announced GST rates have certainly created a buzz over the market both domestic as well as internationally. The Council has decided for a multi-tiered structure of 0%, 5%, 12%, 18% and 28%. The fluctuations of tax rates are highly in flow throughout the nation.
Nischal Maheshwari, Head Edelweiss Securities in his interview with a prominent news provider discussed some basic facts and issues regarding GST and its impact on various items as stated by him that consumer goods and white goods are no luxury goods anymore.
Goods and Service Tax rate got its final rates yesterday with the multi-tiered structure of 5,12,18,28 percent and with this announcement, Goa government has come up with a special meeting to discuss the implementation of GST in the state.
A much-awaited meeting regarding GST will be held today for the proposal of several issues concerning the significant tax rate fixation and assessee dual control matter. Minister of State for Finance Arjun Ram Meghwal stated into his statement that
The inclusion of Bankruptcy Code law has taken a toll on it and now the Country Director Junaid Ahmad has confirmed that the World Bank will be including the same in their upcoming ‘Doing Business’ 2017 report along with Goods and Services Tax.
Finally, GST council stick to the four-tier rate structure of 5,12,18,28 percent. The council in its two days meeting has been striving for these rates for several months and now completed the discussion with these rates along with some modification of center’s proposal. The highest rates for other FMCG products are being stricken at 6, 12, 18 and 26 per cent.
Tamil Nadu Power looms Federation comes in front to save their interest before the upcoming GST regime as the federation has urged to exempt their community from a load of goods and services tax. The said information conveys to include power loom fabrics in the exemption list of Goods and Services Tax (GST).
The trust issues are escalating with more data being shared with states by the center as the finance minister of West Bengal has given a discontentment sign with the data and has objected towards the center that it was manipulating the actual taxpayer base data all the time.